Fideuram Asset Management Ireland dac Acquires Shares of 3,680 Marathon Petroleum Corporation $MPC

Fideuram Asset Management Ireland dac acquired a new stake in shares of Marathon Petroleum Corporation (NYSE:MPC) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,680 shares of the oil and gas company’s stock, valued at approximately $545,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Alberta Investment Management Corp acquired a new stake in Marathon Petroleum during the third quarter valued at approximately $2,891,000. Diversified Trust Co. raised its position in shares of Marathon Petroleum by 39.3% during the 4th quarter. Diversified Trust Co. now owns 15,675 shares of the oil and gas company’s stock worth $2,549,000 after purchasing an additional 4,419 shares during the period. Aster Capital Management DIFC Ltd acquired a new stake in shares of Marathon Petroleum during the 3rd quarter worth approximately $1,004,000. KKM Financial LLC raised its position in shares of Marathon Petroleum by 27.6% during the 3rd quarter. KKM Financial LLC now owns 26,202 shares of the oil and gas company’s stock worth $5,050,000 after purchasing an additional 5,661 shares during the period. Finally, USA Financial Formulas acquired a new stake in shares of Marathon Petroleum during the 4th quarter worth approximately $791,000. Institutional investors and hedge funds own 76.77% of the company’s stock.

Insider Activity

In other news, insider Ricky D. Hessling sold 1,810 shares of Marathon Petroleum stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $224.78, for a total transaction of $406,851.80. Following the transaction, the insider directly owned 10,188 shares in the company, valued at approximately $2,290,058.64. This trade represents a 15.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last 90 days, insiders sold 4,473 shares of company stock worth $1,015,428. 0.17% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on MPC. Mizuho increased their price target on Marathon Petroleum from $224.00 to $284.00 and gave the stock a “neutral” rating in a research report on Wednesday. Piper Sandler increased their price target on Marathon Petroleum from $197.00 to $228.00 and gave the stock a “neutral” rating in a research report on Thursday, April 9th. Weiss Ratings cut Marathon Petroleum from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, May 6th. Citigroup increased their price target on Marathon Petroleum from $243.00 to $257.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Finally, Scotiabank increased their price target on Marathon Petroleum from $174.00 to $210.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, April 22nd. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, Marathon Petroleum presently has a consensus rating of “Moderate Buy” and an average price target of $268.50.

Marathon Petroleum News Roundup

Here are the key news stories impacting Marathon Petroleum this week:

• Positive Sentiment: Marathon Petroleum was upgraded to Zacks Rank #1 (Strong Buy), signaling stronger earnings expectations and a more favorable near-term outlook. What Makes Marathon Petroleum (MPC) a New Strong Buy Stock
• Positive Sentiment: MPC appeared on Zacks’ momentum, value, and growth stock screens, which reinforces investor interest from multiple angles. Best Momentum Stock to Buy for May 28th
• Positive Sentiment: The stock was also added to Zacks’ “New Strong Buy” and “Best Growth Stocks” lists, which may help sustain bullish sentiment among traders and growth-focused investors. New Strong Buy Stocks for May 28th
• Positive Sentiment: Marathon Petroleum was highlighted in a Zacks energy growth-stock article alongside other names benefiting from supply risks and strong demand, suggesting the sector backdrop remains supportive. 3 Energy Growth Stocks Riding Supply Risks and Strong Demand

Marathon Petroleum Stock Performance

Shares of MPC stock opened at $248.45 on Friday. Marathon Petroleum Corporation has a 12-month low of $155.93 and a 12-month high of $264.14. The firm has a market capitalization of $72.53 billion, a price-to-earnings ratio of 16.22, a price-to-earnings-growth ratio of 0.40 and a beta of 0.53. The business has a 50 day simple moving average of $240.26 and a 200 day simple moving average of $207.70. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.18 and a quick ratio of 0.73.

Marathon Petroleum (NYSE:MPC) last issued its quarterly earnings data on Tuesday, May 5th. The oil and gas company reported $1.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.91. Marathon Petroleum had a return on equity of 16.22% and a net margin of 3.36%.The business had revenue of $34.20 billion during the quarter, compared to analyst estimates of $33.42 billion. During the same period in the prior year, the company posted ($0.24) EPS. The business’s revenue for the quarter was up 8.5% compared to the same quarter last year. On average, equities research analysts anticipate that Marathon Petroleum Corporation will post 30.05 EPS for the current year.

Marathon Petroleum Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 20th will be given a dividend of $1.00 per share. The ex-dividend date is Wednesday, May 20th. This represents a $4.00 annualized dividend and a dividend yield of 1.6%. Marathon Petroleum’s dividend payout ratio (DPR) is 26.11%.

About Marathon Petroleum

Marathon Petroleum Corporation (NYSE: MPC) is a U.S.-based downstream energy company engaged principally in the refining, marketing, supply and transportation of petroleum products. The company was formed through a spin-off from Marathon Oil in 2011 and operates an integrated system of refining and logistics assets that support the production and distribution of transportation fuels and other refined petroleum products.

Marathon Petroleum’s operations include refining crude oil into gasoline, diesel, jet fuel, asphalt and other specialty products, as well as managing the distribution and storage infrastructure needed to move those products to market.